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If you are a project manager or a foreman, you know by now the headaches that tools like WhatsApp, Excel, and MS Project are causing when you try to manage projects with a lot of repetition such as hospitals, apartment blocks, and roadwork projects. In one of our recent webinars, Olivier Luxen, Senior Project Manager on a residential project, compared the way we do planning in construction today with the way we did on a road trip 40 years ago.
The COVID-19 pandemic continues to impact the construction industry, and many countries continue to implement new or more stringent restrictions on entry into their borders. Those travel restrictions can impact any company with cross-border supply chains or employee travel. This article addresses some of the travel restrictions in place in the United States, Canada, and members of the European Union (EU); exceptions to those requirements; and some best practices when navigating across borders.
Construction spending rallied in January as private nonresidential construction increased for the first time in seven months, according to an analysis of new federal construction spending data by the Associated General Contractors of America. Association officials said that nonresidential construction spending remains below pre-pandemic levels and that rising materials prices and proposed labor law changes threaten the sector’s recovery.
What's Coming for Digital Twin Technology. Alex Headley. Thu, 03/11/2021 - 07:30. The age of the digital twin (a digital representation of a system, object, or in this case, a project) is here — and the technology is no longer just a solution for the world of manufacturing. More and more areas of the construction industry are increasingly connected through the use of the Internet of Things (IoT), data analytics and artificial intelligence.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Construction project management is better when it’s visual and includes a common data environment… including shared, locally researched unit price cost data. The post Construction Project Management IS BETTER WHEN IT’S VISUAL appeared first on 4BT.
Overcoming Traditional Project Management Limitations & Challenges. Alex Headley. Tue, 03/09/2021 - 07:30. Tracking all the moving pieces and details of every construction project can be extremely challenging. According to the Construction Management Association of America, project managers average around 120 responsibilities on and off the jobsite, requiring them to be strategic as they manage various moving parts and prepare for continuous changes.
The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.
Unit Pricing Estimating within the CSI MasterFormat is the most reliable and efficient means of ascertaining construction costs based on materials, labor, and equipment content, and it just got better. Locally researched unit price cost data is now available from Four BT, LLC. This means there his no need for area cost factors (ACFs) or other construction cost indexes (CCIs).
How Paying Closer Attention to Contracts Can Mean More Successful Bids. Alex Headley. Wed, 03/10/2021 - 07:30. Submitting a competitively priced bid is key for a bidder to be selected and awarded a contract to build an owner’s project. However, submitting a competitive price is only part of the equation. Complying with the bidding documents and providing all requested information are the other parts.
Tradesmen are involved in numerous activities that majorly are handled heavy and manual jobs. This wide array of services includes repairing house interiors and developing structures to dealing with general maintenance duties for buildings. A tradesman’s main responsibility focuses on company regulations and policy compliance, particularly when building structures for their clients.
Since the onset of the coronavirus pandemic, real estate markets have clearly taken major pivots across the board. From residential adjustments toward the suburbs, the incorporation of safety barriers in public facilities, to major changes in commercial retail and restaurant consumer demands, those of us working in the built environment are seeing trends shift at a pace faster than ever before. .
Take your construction business to the next level with our comprehensive 2025 funding guide! Whether you're managing seasonal cash flow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. This guide explores a range of fast and flexible financing options tailored for construction businesses.
4BT OpenJOC TM Job Order Contracting Solution saves money by significantly improving facilities project planning, procurement, and project execution service delivery. Reduced Procurement Time Reduced Demand for Project Management Improved Scope of Work Definition and Communication Cost visibility and transparency via locally researched detailed line item unit price book Shorter overall Project Delivery Time No fee charged as percentage of JOC construction value. 4BT OpenJOC TM Job Order Contract
How to Make the Most of Your Virtual Training Sessions. Alex Headley. Wed, 03/10/2021 - 07:30. Ongoing training is a key part of any robust workplace safety program. Training is about more than optimizing productivity and minimizing downtime. It not only ensures employees are informed about recent standards, guidelines and procedures, but it also provides an opportunity to ask questions and engage with safety leadership.
Terex Trucks will exhibit its EU Stage V TA300 and TA400 articulated dump trucks at Hillhead Digital 2021. According to Terex, the new engines contribute to areduction of up to 7 percent in fuel consumption when compared to the Stage IV engine.
A new Starbucks store is set to open in Abbotsford, B.C. that was assembled in six days with near-zero construction waste. The store was designed to reduce the energy needs for heating and cooling compared to standard construction builds.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Understanding core successful construction project delivery requirements is critical for real property owners and facilities management professionals. Successful Construction Project Delivery Requirements. A robust processes assures answers to the following questions are known. Who plans and prioritizes project considerations? Who can offer change ideas (informally and formally)?
NTEA Work Truck Week 2021: The Road Ahead. Alex Headley. Fri, 03/12/2021 - 17:00. NTEA, The Association for the Work Truck Industry, holds an annual show for manufacturers to share their latest announcements, upgrades and technology. Typically held in Indianapolis as the Work Truck Show, this year the event was held virtually. Announcements and presentations lasted March 8-12 and included all the biggest names in commercial trucks.
Published reports suggest that Rivian will expand it manufacturing facility in Normal, Illinois. The electric vehicle manufacturer has filed plans that would add up to 10 million square feet, reports WGLT radio, although it cites company officials who said expansion would be far less than that.
For the March/April issue of Building Design+Construction , the editors are conducting a research project on "design innovation" in the AEC industry and real estate market. . We invite all U.S. architects, designers, structural engineers, MEP engineers, and other design professionals that specialize in building design to participate in our 10-minute, 15-question online survey. .
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
As a facilities management professional… how do I Develop and Continuously Execute Optimal Facilities Repair, Renovation, Maintenance, and New Build Strategies? Continuously Execute Optimal Facilities Strategies for Repair, Renovation, Maintenance, and New Builds. 3 Key Steps. Adopt a proven approach and integrate planning, procurement, and project delivery methodology that assures mutual benefit for real property owners, building users, architects, engineers, and builders.
Modular Construction Is Ideal for Airport Expansion. Alex Headley. Mon, 03/08/2021 - 07:30. Airport operators face many challenges when they look to develop solutions to meet current and future facility space requirements. Having the proper knowledge in knowing how to expand capacity to meet a growing passenger demand — while also ensuring that all airport operations continue to function properly — plays a critical role in the planning process.
OSHA cited Cherokee Pride Construction Inc. of Sapulpa for serious violations related to excavation work. Inspectors arrived at a Broken Arrow job site in September 2020 and found employees in standing water as they installed water lines in two trenches as part of a street widening project.
Smart home technology is an increasingly popular way for tenants and condominium owners to manage their lighting, sound, security, and climate of their residences from their smartphones or other devices. A common misperception held by some multifamily developers and operators is that smart home technology appeals only to residents of upscale properties in the urban core, according to Donald Davidoff, an apartment industry consultant with D2 Demand Solutions.
Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.
Successful Construction Project Delivery, whether repair, renovation, maintenance, or new builds, can only be consistently achieved with a primary focus upon People… then Process, Information, and enabling Technology. Understanding core requirements is critical for real property owners and facilities management professionals. A robust processes assures answers to the following questions are known.
Doosan Infracore has launched the industry’s first “transparent bucket” system for wheeled loaders. According to The Construction Index, Doosan uses cameras to relay images into the bucket, eliminating a hazardous blind spot.
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